Scrap Update January 2015

We are all aware of the recent “free fall” in the price of gasoline in the US. The scrap and recycling markets are experiencing a similar fall, albeit to a lesser extent. As a junk my car service provider in Cuyahoga County, we are tuned in to the cash for wrecked cars market. The price for a junk car had fallen due to a drop in price in the various recyclables that compose a vehicle. What does this all mean? Essentially, if looking to sell a car for cash, you will recognize lower than normal purchase pricing. A January 14, 2015 article on kansas.com composed by Dan Voorhis titled ‘Falling price of scrap squeezes metal dealers, cuts thefts’ brought up the following points: “There’s not much gold in a pile of scrap metal these days. Wichita’s scrap dealers are feeling stressed as falling prices for recycled steel, copper & other metals have squashed their margins. It has meant slower operations, fewer hours & workers, and it may help spur some consolidation of the scrap yards. It also promises to slow metal thefts as the prices fall. The price of scrap iron overall fell about 20 to 25% over the course of 2014 because of slower economic growth overseas & the strengthening dollar. Both tended to cut into exports, even as domestic demand for scrap remained flat, according to industry publication Scrap Price Bulletin. Further declines are expected in 2015. Harlan Hartstein, owner of Wichita Iron and Metal, 922 Merton, said that copper was $4 a pound in mid-2013. Now it’s $2.19 per pound. They buy from the general public & local industry and sell to wholesalers and steel mills.

One piece of good news for the community is that tumbling scrap prices mean fewer metal thefts, say scrap yard owners. Scrap yards in Sedgwick County are required to record the ID, car description and license plate of anyone bringing in scrap. The information is sent daily to the police department. A few categories of scrap must be kept 48 to 72 hours before it can be recycled. Sellers of any copper items, or all metal worth together more than $50, are paid by check to generate a paper trail.” To read more visit here: http://www.kansas.com/news/business/article6509514.html

Cash 4 Cars Cleveland is a junk my car buyer throughout Bratenahl, Chagrin Falls, Mayfield Heights, South Euclid and Cleveland Heights. We pay cash for wrecked cars in Parma, Seven Hills, Beachwood and Richfield. Looking for a price for a junk car in Lakewood, Linndale Village, Tremont or East Cleveland? To sell a car for cash in Northfield, Oakwood Village, Glenwillow, Aurora, Collinwood and Sagamore Hills, the required documents are an ID and the car’s title. We will pick up and pay cash for wrecked cars in Pepper Pike, Shaker Heights, Chesterland, Moreland Hills and University Heights. If you are considering spending money on repairing an old car at Monro, Midas, Conrad’s or a Firestone repair shop in Macedonia, Lyndhurst, Cuyahoga Heights or Highland Heights, maybe you should consider our junk my car services. In the areas of Euclid, Garfield Heights, Eastlake, Solon and Twinsburg we offer a fast price for a junk car and allow you to sell a car for cash the same day. We are the home of junk my car services in Newburgh Heights, Wickliffe, Brecksville and Bainbridge.